Full Menu: Serving client’s charitable giving needs.
Many of our donors started with us to fulfill a tax planning goal, help meet a specific and urgent community need, or simply satisfy a strong desire to become more intentional and organized with charitable giving. Donors established a donor-advised fund or contributed stock to a fund at our community foundation or worked with us to establish a charitable legacy.
Whatever brought the client to us, the team at Hudson Community Foundation (HCF) wants you to know that it doesn’t stop there! As the hub of clients’ charitable giving, HCF makes every part of a client’s philanthropic life easier and more rewarding. Consider a few examples of how a client can enjoy the full menu:
–A donor-advised fund at HCF is often the cornerstone of a client’s overall charitable giving portfolio. It offers the convenience of a one-stop-shop: A client makes a tax-deductible contribution of cash (or, ideally, appreciated stock) to the fund, and then recommends grants to favorite charities. They find it so much easier to keep track over time of where they are giving, and how much.
–We help clients establish a designated or field-of-interest fund to complement a donor-advised fund. A designated fund allows a client to support a specific charity over the long term, while a field-of-interest fund focuses support on a particular area of community need by using HCF’s expertise. If a client is over the age of 70½ and owns one or more IRAs, a designated fund or field-of-interest fund can receive Qualified Charitable Distributions up to $105,000 per year per spouse, bypassing taxable income.
–We can work with you and your professional advisor to establish a bequest in a your estate plan to support favorite causes beyond your lifetime. Many fund holders at the community foundation name their donor-advised funds, field-of-interest funds, designated funds, or even HCF as beneficiaries in their wills and trusts, and especially as beneficiaries of IRAs and other qualified plans because doing so delivers significant tax benefits. HCF offers opportunities for legacy donors to get together and learn from each other. If your client has left a bequest and is not yet involved as a legacy donor, please encourage the client to reach out!
–We help clients and their families learn more about favorite nonprofit organizations and the issues they are addressing so that clients can become more informed and effective philanthropists in our community. Our team is helpful with knowledge of local issues and organizations is a real advantage for clients. When clients better understand the needs of the community and how their favorite nonprofits are addressing those needs, clients will be better equipped to structure giving so that it makes a difference in measurable ways.
We hope you’ll look to the community foundation as the central resource for your philanthropy. The team at Hudson Community Foundation is here to help you or your clients make the most of their charitable giving strategies so that clients are not only putting money into improving the quality of life in our community, but they’re also achieving financial and philanthropic goals.
We look forward to working with you and your clients to structure donor-advised funds–or other types of funds–to meet clients’ charitable, financial, and estate planning goals. Reach out to our team anytime!
Read more about Donors Guide to Donor Advised Funds.
With a fund at Hudson Community Foundation (HCF), advisors can manage the charitable assets on their preferred platform at any amount. Assets stay under your management. You can provide your clients with the consistent investment advice they expect. We are your partner in charitable giving!
The team at HCF is a resource as you serve your philanthropic clients. We understand the charitable side and are happy to serve as a secondary source as you manage the primary relationship with your clients. This blog is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.